Ethereum-based Exchange Traded Funds (ETFs) have witnessed a significant net outflow of over $93.6 million in recent days, largely driven by BlackRock’s substantial $101 million withdrawal. This outflow represents the third consecutive day of declining ETF holdings and reflects broader market caution following ETH’s ongoing price underperformance. 24th October marked the peak, with ETFs reporting a net outflow of $93.6 million across the three-day period. While Grayscale’s Ethereum Mini Trust recorded a modest inflow of $7.4 million, its influence was negligible compared to the overall negative trends. Notably, BlackRock’s ETF ETHA faced the most significant withdrawal at $101 million. This dramatic outflow has triggered a ripple effect through the market, with anticipated increases in ETH trading volume as investors liquidate positions.